Company Background
Tega Industries is a 45 year old company catering to the mining and abrasives sector.. Tega industries are the second largest producers of polymer-based mill liners, globally.The company's engineering capabilities has gotten better over the decades as the company has offered better quality, complex manufactured products within stipulated timelines. Over these decades, Tega Industries has generated high recurring revenues. It started operations in 1978 in India, with a foreign collaboration with Skega AB, Sweden. Foreign partners entire stake was bought out by the Indian promoters in 2001.
Business Information
Tega Industry's product portfolio comprises more than 55 mineral processing and material handling products. The company has 6 plants of which 3 are in located in India and 3 are located abroad. More than 86% of the revenues of Tega Industries comes from the global market, with the balance from domestic markets. Tega has manufacturing sites in 3 of the world’s major mineral hotspots including Chile, Australia and South Africa. Its product range is engineered with a combination of mineral processing engineering, mechanical engineering and material sciences while utilizing TIL's expertise in tribology.
Facts about the company
- Tega currently has a presence in 513 installation sites spread across more than 70 countries in the world.
- As of fiscal 2021, Tega has installed capacity of 24,558 MT with the plants at Dahej in Gujarat and Samali in West Bengal are major contributors.
- Tega currently has a presence in 513 installation sites spread across more than 70 countries in the world.
- One of the world's largest producers of polymer-based mill liners.
- The company has 18 global and 14 domestic sales offices located close to its key customers and mining sites.
Points to note before investing in Tega Industries
- It has consistently improved profits despite operating at 58% capacity utilization so the scope for operating leverage is huge.
- Global customer base, and strong global manufacturing and sales capabilities
- Majority of the company's revenue (86.42% in 2021) comes from operations outside India.
- There will be no fresh funds coming into the company. The public issue is to give partial exit to promoters and early investors and to get the stock listed.
- Post the offer for sale and the fresh issue, the promoter stake will come down from 85.17% to 79.17%. Public shareholding post-IPO will stand enhanced to 20.83%.
| IPO Opening Date | Dec 1, 2021 |
| IPO Closing Date | Dec 3, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹443 to ₹453 per equity share |
| Market Lot | 33 Shares |
| Min Order Quantity | 33 Shares |
| Listing At | BSE, NSE |
Allotment, Listing and Refunds details
| Basis of Allotment Date | Dec 8, 2021 |
| Initiation of Refunds | Dec 9, 2021 |
| Credit of Shares to Demat Account | Dec 10, 2021 |
| IPO Listing Date | Dec 13, 2021 |
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